Power Solutions International (PSIX)
Market Price (9/19/2026): $45.5 | Market Cap: $1.0 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Power Solutions International (PSIX)
Market Price (9/19/2026): $45.5Market Cap: $1.0 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, FCF Yield is 6.3% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Megatrend and thematic driversMegatrends include Hydrogen Economy, US Energy Independence, and Smart Grids & Grid Modernization. Themes include Hydrogen Infrastructure, Show more. | Weak revenue growthRev Chg QQuarterly Revenue Change % is -21% High stock price volatilityVol 12M is 103% Key risksPSIX key risks include [1] lingering accounting and governance issues, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, FCF Yield is 6.3% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Megatrend and thematic driversMegatrends include Hydrogen Economy, US Energy Independence, and Smart Grids & Grid Modernization. Themes include Hydrogen Infrastructure, Show more. |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -21% |
| High stock price volatilityVol 12M is 103% |
| Key risksPSIX key risks include [1] lingering accounting and governance issues, Show more. |
Qualitative Assessment
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Power Solutions International (PSIX) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Power Solutions International reported stronger-than-expected financial results for fiscal Q2 2026. The company announced diluted earnings per share (EPS) of $0.78 for fiscal Q2 2026 (ended June 30, 2026), significantly surpassing analysts' estimates of $0.27 by 188.89%. Net sales reached $152.5 million, exceeding the estimated $133.95 million. Gross margin saw a sequential improvement of approximately 420 basis points to 27.1% compared to fiscal Q1 2026. Additionally, the company reduced its total debt by about $30.8 million during the quarter, bringing it down to $72.6 million, and increased cash and cash equivalents to $70.1 million from $41.3 million at December 31, 2025.
2. Robust demand for data center power solutions continued to drive growth. The company noted strong demand for data center-related products, which helped offset softness in the oil and gas end market during fiscal Q2 2026. Optimism about Power Solutions International's role in supplying power infrastructure for AI and data center buildouts, including potential SpaceX-related demand, reinforced investor confidence.
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Power Solutions International (PSIX) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Power Solutions International reported stronger-than-expected financial results for fiscal Q2 2026. The company announced diluted earnings per share (EPS) of $0.78 for fiscal Q2 2026 (ended June 30, 2026), significantly surpassing analysts' estimates of $0.27 by 188.89%. Net sales reached $152.5 million, exceeding the estimated $133.95 million. Gross margin saw a sequential improvement of approximately 420 basis points to 27.1% compared to fiscal Q1 2026. Additionally, the company reduced its total debt by about $30.8 million during the quarter, bringing it down to $72.6 million, and increased cash and cash equivalents to $70.1 million from $41.3 million at December 31, 2025.
2. Robust demand for data center power solutions continued to drive growth. The company noted strong demand for data center-related products, which helped offset softness in the oil and gas end market during fiscal Q2 2026. Optimism about Power Solutions International's role in supplying power infrastructure for AI and data center buildouts, including potential SpaceX-related demand, reinforced investor confidence.
3. Positive analyst sentiment and increased price targets contributed to the upward trend. Following the strong fiscal Q2 2026 earnings report, analyst ratings shifted more favorably. Freedom Capital upgraded Power Solutions International from a "hold" to a "strong-buy" rating on August 10, 2026. The consensus among analysts is now a "Buy" or "Strong Buy," with an average 12-month price target ranging from approximately $70 to $99.95, suggesting a substantial potential upside.
4. A new CEO appointment focused on data center growth reinforced the company's strategic direction. Richard Hu was appointed as the new Chief Executive Officer, effective August 17, 2026. The board highlighted Mr. Hu's operational experience and global leadership, specifically noting his background in the data center market as an area of significant growth focus for the company. This leadership change signaled a clear strategic commitment to the high-growth data center segment.
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Stock Movement Drivers
Fundamental Drivers
The 10.1% change in PSIX stock from 5/31/2026 to 9/18/2026 was primarily driven by a 65.8% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.68 | 45.87 | 10.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 716 | 676 | -5.5% |
| Net Income Margin (%) | 14.3% | 10.0% | -29.7% |
| P/E Multiple | 9.4 | 15.6 | 65.8% |
| Shares Outstanding (Mil) | 23 | 23 | 0.0% |
| Cumulative Contribution | 10.1% |
Market Drivers
5/31/2026 to 9/18/2026| Return | Correlation | |
|---|---|---|
| PSIX | 10.1% | |
| Market (SPY) | 0.9% | 51.2% |
| Sector (XLI) | -2.0% | 38.4% |
Fundamental Drivers
The -45.1% change in PSIX stock from 2/28/2026 to 9/18/2026 was primarily driven by a -44.1% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.50 | 45.87 | -45.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 675 | 676 | 0.1% |
| Net Income Margin (%) | 17.9% | 10.0% | -44.1% |
| P/E Multiple | 15.9 | 15.6 | -1.8% |
| Shares Outstanding (Mil) | 23 | 23 | -0.1% |
| Cumulative Contribution | -45.1% |
Market Drivers
2/28/2026 to 9/18/2026| Return | Correlation | |
|---|---|---|
| PSIX | -45.1% | |
| Market (SPY) | 11.6% | 43.7% |
| Sector (XLI) | -3.9% | 38.0% |
Fundamental Drivers
The -44.7% change in PSIX stock from 8/31/2025 to 9/18/2026 was primarily driven by a -45.9% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 82.89 | 45.87 | -44.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 597 | 676 | 13.2% |
| Net Income Margin (%) | 18.6% | 10.0% | -45.9% |
| P/E Multiple | 17.2 | 15.6 | -9.4% |
| Shares Outstanding (Mil) | 23 | 23 | -0.2% |
| Cumulative Contribution | -44.7% |
Market Drivers
8/31/2025 to 9/18/2026| Return | Correlation | |
|---|---|---|
| PSIX | -44.7% | |
| Market (SPY) | 19.4% | 41.9% |
| Sector (XLI) | 12.8% | 37.1% |
Fundamental Drivers
The 1091.4% change in PSIX stock from 8/31/2023 to 9/18/2026 was primarily driven by a 299.4% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9182026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.85 | 45.87 | 1091.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 500 | 676 | 35.2% |
| Net Income Margin (%) | 4.5% | 10.0% | 121.6% |
| P/E Multiple | 3.9 | 15.6 | 299.4% |
| Shares Outstanding (Mil) | 23 | 23 | -0.4% |
| Cumulative Contribution | 1091.4% |
Market Drivers
8/31/2023 to 9/18/2026| Return | Correlation | |
|---|---|---|
| PSIX | 1091.4% | |
| Market (SPY) | 75.6% | 7.7% |
| Sector (XLI) | 63.4% | 4.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PSIX Return | 0% | 0% | 0% | 673% | 92% | -20% | 1083% |
| Peers Return | 25% | -1% | 16% | 30% | 24% | 35% | 214% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| PSIX Win Rate | 0% | 0% | 0% | 8% | 50% | 56% | |
| Peers Win Rate | 60% | 45% | 43% | 65% | 62% | 58% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| PSIX Max Drawdown | 0% | 0% | 0% | -47% | -57% | -74% | |
| Peers Max Drawdown | -22% | -36% | -25% | -15% | -29% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CMI, CAT, GNRC, WAB, DE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | PSIX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.6% | -18.8% |
| % Gain to Breakeven | 98.4% | 23.1% |
| Time to Breakeven | 42 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.8% | -33.7% |
| % Gain to Breakeven | 116.3% | 50.9% |
| Time to Breakeven | 1736 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -73.2% | -3.7% |
| % Gain to Breakeven | 273.2% | 3.9% |
| Time to Breakeven | 59 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -71.9% | -12.2% |
| % Gain to Breakeven | 255.6% | 13.9% |
| Time to Breakeven | 3227 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -84.7% | -6.8% |
| % Gain to Breakeven | 553.4% | 7.3% |
| Time to Breakeven | 3429 days | 15 days |
In The Past
Power Solutions International's stock fell -49.6% during the 2025 US Tariff Shock. Such a loss loss requires a 98.4% gain to breakeven.
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Asset Allocation
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| Event | PSIX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -49.6% | -18.8% |
| % Gain to Breakeven | 98.4% | 23.1% |
| Time to Breakeven | 42 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.8% | -33.7% |
| % Gain to Breakeven | 116.3% | 50.9% |
| Time to Breakeven | 1736 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -73.2% | -3.7% |
| % Gain to Breakeven | 273.2% | 3.9% |
| Time to Breakeven | 59 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -71.9% | -12.2% |
| % Gain to Breakeven | 255.6% | 13.9% |
| Time to Breakeven | 3227 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -84.7% | -6.8% |
| % Gain to Breakeven | 553.4% | 7.3% |
| Time to Breakeven | 3429 days | 15 days |
In The Past
Power Solutions International's stock fell -49.6% during the 2025 US Tariff Shock. Such a loss loss requires a 98.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Power Solutions International (PSIX)
Power Solutions International (PSIX) is a U.S.-based company that designs, engineers, manufactures, and sells a range of engines and power systems internationally. Its core business centers on providing alternative-fueled power systems for both off-highway industrial equipment and on-road vehicles. The company also specializes in developing large, custom-engineered integrated electrical power generation systems.
PSIX's product portfolio is comprehensive, offering everything from basic engine blocks integrated with fuel system components to complete packaged power systems. These full systems often include crucial elements like cooling, electronic, air intake, fuel, exhaust, and hydraulic systems, along with enclosures and various other assembled components. Their engines are versatile, designed to operate on multiple fuel types such as natural gas, propane, gasoline, diesel, and biofuels, available in both compression and spark-ignited internal combustion configurations.
The company serves a diverse set of primary customers and markets, including original equipment manufacturers (OEMs) who integrate PSIX's power solutions into their final products. Key end markets span energy (e.g., standby power generation, oil and gas compression), industrial (e.g., forklifts, wood chippers, irrigation pumps, ground support equipment), and transportation (e.g., vocational trucks, buses, utility tractors). PSIX maintains a global presence, with operations in North America, the Pacific Rim, Europe, and other international regions.
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1. They are like a Cummins for alternative-fueled engines and custom industrial power solutions.
2. Imagine them as a Generac, but for large-scale, custom-engineered industrial power generation systems.
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- Internal Combustion Engines: PSIX manufactures and sells compression and spark-ignited engines designed to run on various fuels including natural gas, propane, gasoline, diesel, and biofuels.
- Alternative-Fueled Power Systems: The company provides power systems specifically designed to operate on alternative fuels for integration into off-highway industrial equipment and on-road vehicles.
- Electrical Power Generation Systems: PSIX offers large, custom-engineered integrated systems for generating electrical power.
- Packaged Power Systems: These are complete, integrated engine-based power solutions that include all necessary components such as fuel, cooling, and electronic systems.
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Power Solutions International (PSIX) primarily sells its engines and power systems to other companies, specifically Original Equipment Manufacturers (OEMs) in various industrial, energy, and transportation markets.
While the provided background description does not extensively list other specific major customer companies by name, it does highlight a significant strategic relationship:
- Weichai Power Co., Ltd. (HKEX: 2338 / SZSE: 000338) - Power Solutions International has a strategic collaboration agreement with Weichai Power. Given PSIX's offerings of engines and power systems and Weichai Power's position as a major manufacturer of commercial vehicles and power systems, this strategic collaboration strongly indicates a significant business relationship, likely involving Weichai Power as a major customer or a strategic channel partner for PSIX's products.
PSIX's products are integrated into a wide range of equipment by these OEMs, which operate in markets such as:
- Industrial Equipment: Including manufacturers of forklifts, wood chippers, stump grinders, sweepers/industrial scrubbers, aerial lift platforms/scissor lifts, irrigation pumps, oil and gas compression/lift equipment, off-road utility vehicles, ground support equipment, and ice resurfacing equipment.
- Transportation: Including manufacturers of light and medium duty vocational trucks and vans, school and transit buses, and terminal and utility tractors.
- Power Generation: Including manufacturers of standby and prime power generation systems, demand response solutions, microgrids, renewable energy resiliency systems, and combined heat and power (CHP) systems.
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- Weichai Power Co., Ltd. (HKEX: 2338, SZSE: 000338)
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Dino Xykis, Chief Executive Officer
Dino Xykis was appointed as the Chief Executive Officer of Power Solutions International, Inc. on April 24, 2023. Prior to this, he served as the Interim Chief Executive Officer from June 1, 2022, to April 24, 2023. Mr. Xykis was also appointed as the Company's Chief Technical Officer on March 15, 2021, and retains this role. In this capacity, he is responsible for the oversight of the Company's advanced product development, engineering design and analysis, on-highway engineering, applied engineering, emissions and certification, Waterford, Michigan engineering operations, program management, and product strategic planning. He has more than 30 years of professional experience in multi-disciplined engineering areas, including senior management and executive positions. Mr. Xykis joined Power Solutions International in 2010. He also has experience as an Adjunct Professor of Mechanical Engineering and Mechanics at the Milwaukee School of Engineering.
Kenneth Li, Chief Financial Officer
Xun (Kenneth) Li joined Power Solutions International, Inc. as its Chief Financial Officer, effective August 29, 2022. He brings over 20 years of professional experience in finance, accounting, financial planning & analysis, internal controls, and strategy. Most recently, Mr. Li served as Chief Financial Officer for ND Paper, a pulp, packaging, and paper company, from 2020 to August 2022. In that role, he was part of the executive leadership management team with primary responsibility for finance, accounting, tax, auditing, treasury, risk management, internal audit, and strategic planning, and served as a strategic advisor to the CEO. Prior to ND Paper, Mr. Li was with Caterpillar Inc. from 2008 through 2020, holding various financial leadership positions, including CFO of the global mining machine product group from 2013 to 2020. Before Caterpillar, he held finance leadership roles of increasing responsibility at Ford Motor Company from 2003 to 2008. Mr. Li holds an MBA with high distinction and an M.S. in Accounting from the University of Michigan, an M.S. in Mechanical Engineering from the University of Oklahoma, and a B.S. in Mechanical Engineering from Shanghai JiaoTong University.
Dorothy Du, General Counsel and Corporate Secretary
Dorothy Du serves as the General Counsel and Corporate Secretary for Power Solutions International, Inc.
William Buzogany, VP of Human Resources & Senior Counsel
William Buzogany is the VP of Human Resources & Senior Counsel at Power Solutions International, Inc.
Jason Lin, Chief Quality Officer
Jason Lin holds the position of Chief Quality Officer at Power Solutions International, Inc.
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1. Going Concern Doubts and Financial Health
Auditor BDO LLP raised "going concern doubts" in March 2026, indicating concerns about Power Solutions International's ability to continue as an operating entity despite its strong full-year 2025 results. This is compounded by negative Q4 free cash flow, approximately $96.6 million in debt as of December 31, 2025, and broader liquidity pressures inherent in its capital-intensive business. The company's stock also experienced a significant decline after the going concern warning.2. Margin Compression and Profitability Pressures
Power Solutions International has faced significant gross margin compression, with Q4 2025 gross margins falling to 21.9% from 29.9% in the prior year. This decline is attributed to the accelerated manufacturing capacity ramp-up for data center backup power products, strong sales of lower-margin products, and temporary production inefficiencies. These factors have led to a decrease in net income despite revenue growth, raising concerns about the sustainability of the company's profitability.3. Governance Issues and Influence of Weichai Power / Geopolitical Tensions
The influence and control of Chinese majority owner Weichai Power Co., Ltd. pose a significant risk, particularly amidst ongoing U.S.-China tensions. Historical concerns regarding aggressive accounting practices, insider selling, and a board dominated by Chinese executives also contribute to governance risks. The company's reliance on opaque accounting methods and a five-year absence of earnings calls further fuel skepticism among investors. Additionally, Weichai's substantial purchase commitments amplify potential tariff and conflict-related risks.AI Analysis | Feedback
The accelerating shift towards battery-electric and fuel cell electric powertrains across the industrial, transportation, and power generation markets, threatening the demand for internal combustion engines.
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Power Solutions International (PSIX) operates within several addressable markets, primarily focused on engines and power systems fueled by natural gas, propane, gasoline, diesel, and biofuels for energy, industrial, and transportation applications.
The key addressable markets for Power Solutions International's products and services include:
- Global Natural Gas Engine Market: This market was valued at approximately USD 5.56 billion in 2024 and is projected to reach USD 8.28 billion by 2032. Another estimate places the market at USD 5.34 billion in 2023, growing to USD 5.66 billion in 2024, and expected to reach USD 8.97 billion by 2032.
- North America Natural Gas Engine Market: This market was valued at USD 1,469.12 million in 2022 and is projected to reach USD 2,100.54 million by 2030. In 2025, North America's share of the global gas engine market was approximately 42.10%, with the global market at USD 5.01 billion, indicating a North American market size of around USD 2.11 billion for that year.
- Global Propane Market: The global propane market size was estimated at USD 137.49 billion in 2024 and is expected to reach USD 163.16 billion by 2033. Another report indicates the market was valued at USD 92.56 billion in 2025 and is projected to reach approximately USD 137.98 billion by 2035.
- U.S. Propane Market: The U.S. propane market was valued at USD 44.85 billion in 2025 and is projected to reach USD 69.75 billion by 2034.
- Global Industrial Engines Market: This market was valued at USD 61.6 billion in 2025 and is projected to grow to USD 108.5 billion by 2034. Other estimates include USD 58.9 billion in 2025, expected to reach USD 90.33 billion by 2032.
- North America Industrial Engines Market: This market generated a revenue of USD 15,377.7 million in 2024 and is expected to reach USD 22,230.6 million by 2030. North America held approximately 26% of the global industrial engines market share in 2025.
- Global Alternative Fuel Vehicle Market: The global alternative fuel vehicle market size was valued at USD 451.73 billion in 2025 and is predicted to increase to approximately USD 1,314.44 billion by 2035.
- North America Engines Market (General, including Power Generation): This market, which encompasses power generation, emergency & standby, prime power, and commercial applications, was valued at USD 3.5 billion in 2023 and is expected to reach USD 5.9 billion by 2033.
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Expected Drivers of Future Revenue Growth for Power Solutions International (PSIX)
Over the next 2-3 years, Power Solutions International (PSIX) is expected to drive future revenue growth through several key initiatives and market trends:
- Accelerated Growth in the Data Center and AI Infrastructure Market: The most significant driver for PSIX's revenue growth is the surging demand for its power systems, particularly those supporting data centers and artificial intelligence (AI) infrastructure. The company has experienced substantial sales increases in this segment, with its Power Systems segment (which includes data center products) demonstrating significant year-over-year growth and representing a substantial portion of total sales. Management anticipates continued strong sales growth in this critical market.
- Strategic Focus on High-Growth and Higher-Margin Markets: PSIX is strategically reallocating its resources to sectors offering higher growth potential and improved margins, such as data centers and oil and gas applications. This strategic pivot involves moving away from certain more mature industrial and transportation markets, aiming to enhance overall revenue growth and profitability.
- Expansion of Manufacturing Capacity and Operational Efficiencies: To address the escalating demand, especially from the data center sector, PSIX is actively expanding its manufacturing capacity. Concurrently, the company is implementing targeted measures to improve supply chain performance and reduce manufacturing costs. The acquisition of MTL Manufacturing & Equipment further supports vertical integration in data center services, aiming to enhance the company's competitive position and contribute to margin improvement over time.
- Leveraging Strategic Collaboration with Weichai Power Co., Ltd.: The ongoing strategic collaboration with Weichai Power Co., Ltd. provides PSIX with access to Weichai's extensive international manufacturing facilities, supply chain network, and distribution channels, particularly in China and other emerging markets. This alliance is designed to accelerate market penetration for PSIX's product lines, broaden its product portfolio, and ensure product availability while supporting margin improvements.
- Launch of New, Advanced and Alternative Fuel Products: PSIX is focused on product innovation to meet evolving market demands and environmental regulations. This includes the planned launch of 40L and 53L engines in 2025 to cater to the high-kilowatt requirements of hyperscale data centers. Additionally, the company is developing and deploying hydrogen-ready and ultra-low-emission gas engines, positioning itself to address the energy transition and OEM decarbonization needs, which could open new revenue streams as demand for cleaner energy solutions grows.
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Outbound Investments
- Power Solutions International, Inc. acquired MTL Manufacturing & Equipment Inc. for $11.1 million in February 2026.
- The acquisition of MTL Manufacturing & Equipment Inc. was financed using existing cash reserves and by assuming certain equipment-related debt.
- This acquisition aims to support PSI’s growth in the data center market by increasing vertical integration, improving supply chain control, and reducing lead times.
Peer Outperformance in Industrial Machinery & Supplies & Components
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.6% | 101.5% | 179.0% | FIX 2325% · CDNL 2275% · STRL 2177% |
| Marine Transportation | 5 | 83.2% | 67.4% | 170.7% | HOS 44163% · MATX 199% · SFL 171% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 9.3% | 56.2% | 124.5% | CAT 341% · ALSN 253% · WAB 230% |
| Aerospace & Defense | 55 | -6.6% | 68.1% | 68.1% | ATI 1043% · FTAI 964% · HWM 652% |
| Rail Transportation | 7 | 29.5% | 58.9% | 48.8% | FSTR 143% · CSX 66% · UNP 55% |
| Trading Companies & Distributors | 19 | 3.3% | 36.9% | 48.2% | DXPE 570% · AIT 302% · WCC 212% |
| Industrial Machinery & Supplies & Components ← | 72 | 7.4% | 47.7% | 41.2% | CRS 1269% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 10.6% | 30.8% | 31.7% | LIME 3498% · TH 499% · WLFC 368% |
| Passenger Ground Transportation | 3 | -25.6% | 34.9% | 30.0% | UBER 77% · CAR 30% · LYFT -71% |
| Cargo Ground Transportation | 16 | 32.4% | -0.2% | 29.4% | XPO 244% · R 242% · CVLG 204% |
| Electrical Components & Equipment | 41 | 3.4% | 55.2% | 20.3% | POWL 2471% · BE 1257% · VRT 956% |
| Building Products | 33 | -13.7% | 1.1% | 18.5% | LMB 701% · GFF 373% · PPIH 293% |
| Industrial Conglomerates | 17 | 8.7% | 5.7% | 6.1% | RCMT 454% · CSW 141% · DD 72% |
| Agricultural & Farm Machinery | 17 | 2.2% | 3.6% | -5.6% | BLBD 191% · DE 109% · GENC 54% |
| Environmental & Facilities Services | 29 | -12.5% | 20.6% | -6.6% | CECO 932% · NVRI 354% · GEO 353% |
| Research & Consulting Services | 13 | -14.0% | -24.4% | -9.7% | HURN 205% · CRAI 90% · GRNQ 55% |
| Data Processing & Outsourced Services | 6 | -33.6% | -15.9% | -26.3% | EXLS 44% · BR 7% · G -25% |
| Passenger Airlines | 11 | 3.1% | 10.4% | -28.8% | LTM 3092% · UAL 144% · SKYW 107% |
| Office Services & Supplies | 9 | 6.6% | 20.5% | -35.1% | PBI 194% · TILE 141% · HNI 46% |
| Human Resource & Employment Services | 22 | 5.4% | -20.1% | -38.0% | BBSI 88% · ADP 53% · PAYX 25% |
| Air Freight & Logistics | 12 | -13.0% | -21.1% | -38.5% | CHRW 97% · FDX 64% · EXPD 63% |
| Security & Alarm Services | 10 | -26.4% | 17.5% | -44.2% | CIX 150% · MG 127% · NL 63% |
| Airport Services | 3 | -72.8% | -79.0% | -58.3% | JOBY -34% · ASLE -58% · UP -100% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 406.23 |
| Mkt Cap | 60.4 |
| Rev LTM | 23,344 |
| Op Inc LTM | 2,916 |
| FCF LTM | 2,472 |
| FCF 3Y Avg | 1,813 |
| CFO LTM | 3,323 |
| CFO 3Y Avg | 2,541 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.6% |
| Rev Chg 3Y Avg | 4.4% |
| Rev Chg Q | 10.0% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | -0.5% |
| Op Inc Chg 3Y Avg | 17.3% |
| Op Mgn LTM | 14.7% |
| Op Mgn 3Y Avg | 15.3% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 14.4% |
| CFO/Rev 3Y Avg | 15.5% |
| FCF/Rev LTM | 9.8% |
| FCF/Rev 3Y Avg | 11.1% |
Price Behavior
| Market Price | $45.87 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 04/19/2017 | |
| Distance from 52W High | -60.4% | |
| 50 Days | 200 Days | |
| DMA Price | $36.01 | $56.47 |
| DMA Trend | down | up |
| Distance from DMA | 27.4% | -18.8% |
| 3M | 1YR | |
| Volatility | 95.5% | 103.5% |
| Downside Capture | 383.80 | 470.84 |
| Upside Capture | 418.78 | 296.06 |
| Correlation (SPY) | 55.2% | 42.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 7.93 | 5.99 | 3.41 | 3.73 | 3.38 | 2.83 |
| Up Beta | 8.68 | 8.12 | 3.81 | 4.33 | 4.09 | 2.15 |
| Down Beta | 6.58 | 6.40 | 2.24 | 1.10 | 1.38 | 1.62 |
| Up Capture | 990% | 537% | 407% | 516% | 851% | 6425% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 20 | 27 | 56 | 111 | 199 |
| Down Capture | 557% | 451% | 309% | 291% | 196% | 112% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 22 | 37 | 71 | 140 | 223 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PSIX | |
|---|---|---|---|---|
| PSIX | -55.0% | 103.4% | -0.26 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 38.5% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 42.1% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 30.2% |
| Commodities (DBC) | 46.9% | 20.6% | 1.76 | -13.0% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 3.5% |
| Bitcoin (BTCUSD) | -34.5% | 43.9% | -0.84 | 18.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PSIX | |
|---|---|---|---|---|
| PSIX | 11.1% | 105.6% | 0.79 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 42.1% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 45.3% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 20.6% |
| Commodities (DBC) | 11.3% | 19.5% | 0.45 | 2.2% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 13.5% |
| Bitcoin (BTCUSD) | 11.2% | 52.5% | 0.39 | 19.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PSIX | |
|---|---|---|---|---|
| PSIX | -0.1% | 120.0% | 0.59 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 24.0% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 23.8% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 13.5% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 2.2% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 9.1% |
| Bitcoin (BTCUSD) | 61.7% | 66.1% | 1.02 | 9.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 23.6% | 24.4% | 22.6% |
| 5/11/2026 | -39.2% | -37.7% | -38.7% |
| 3/2/2026 | -29.0% | -39.0% | -29.0% |
| 11/6/2025 | -19.1% | -28.3% | -21.6% |
| 8/8/2025 | -3.4% | -14.1% | -6.9% |
| 5/8/2025 | 9.4% | 24.0% | 72.6% |
| 11/7/2024 | 0.0% | 0.0% | 0.0% |
| 8/12/2024 | 0.0% | 0.0% | 0.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 18 | 18 | 18 |
| # Negative | 4 | 4 | 4 |
| Median Positive | 0.0% | 0.0% | 0.0% |
| Median Negative | -24.1% | -33.0% | -25.3% |
| Max Positive | 23.6% | 24.4% | 72.6% |
| Max Negative | -39.2% | -39.0% | -38.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 23.6% | 24.4% | 22.6% |
| 5/11/2026 | -39.2% | -37.7% | -38.7% |
| 3/2/2026 | -29.0% | -39.0% | -29.0% |
| 11/6/2025 | -19.1% | -28.3% | -21.6% |
| 8/8/2025 | -3.4% | -14.1% | -6.9% |
| 5/8/2025 | 9.4% | 24.0% | 72.6% |
| 11/7/2024 | 0.0% | 0.0% | 0.0% |
| 8/12/2024 | 0.0% | 0.0% | 0.0% |
| 5/7/2024 | 0.0% | 0.0% | 0.0% |
| 3/14/2024 | 0.0% | 0.0% | 0.0% |
| 11/9/2023 | 0.0% | 0.0% | 0.0% |
| 8/14/2023 | 0.0% | 0.0% | 0.0% |
| 5/11/2023 | 0.0% | 0.0% | 0.0% |
| 11/14/2022 | 0.0% | 0.0% | 0.0% |
| 8/11/2022 | 0.0% | 0.0% | 0.0% |
| 5/16/2022 | 0.0% | 0.0% | 0.0% |
| 3/31/2022 | 0.0% | 0.0% | 0.0% |
| 11/15/2021 | 0.0% | 0.0% | 0.0% |
| 8/11/2021 | 0.0% | 0.0% | 0.0% |
| 6/1/2021 | 0.0% | 0.0% | 0.0% |
| 3/31/2021 | 0.0% | 0.0% | 0.0% |
| 11/16/2020 | 0.0% | 0.0% | 0.0% |
| SUMMARY STATS | |||
| # Positive | 18 | 18 | 18 |
| # Negative | 4 | 4 | 4 |
| Median Positive | 0.0% | 0.0% | 0.0% |
| Median Negative | -24.1% | -33.0% | -25.3% |
| Max Positive | 23.6% | 24.4% | 72.6% |
| Max Negative | -39.2% | -39.0% | -38.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/24/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 04/14/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/24/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 04/14/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/12/2021 | 10-Q |
| 12/31/2020 | 03/30/2021 | 10-K |
| 09/30/2020 | 11/16/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 06/30/2020 | 10-Q |
| 12/31/2019 | 05/04/2020 | 10-K |
| 09/30/2019 | 05/04/2020 | 10-Q |
Recent Forward Guidance
Updated 8/7/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Second-half 2026 Sales | Reported | |||||||
Prior: Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Sales Growth | Reported | 45.0% | ||||||
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Weichai, America Corp | See Explanation of Responses | Sell | 9152025 | 93.46 | 79,839 | 7,461,417 | 990,608,847 | Form | |
| 2 | He, Hong | Direct | Sell | 9122025 | 94.00 | 1,500 | 141,000 | 1,762,500 | Form | |
| 3 | He, Hong | Direct | Sell | 9122025 | 95.00 | 1,000 | 95,000 | 1,923,750 | Form | |
| 4 | Weichai, America Corp | See Explanation of Responses | Sell | 9122025 | 92.42 | 36,554 | 3,378,488 | 987,057,393 | Form | |
| 5 | Xykis, Constantine | CEO | Direct | Sell | 9112025 | 91.31 | 7,854 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Weichai, America Corp | See Explanation of Responses | Sell | 9152025 | 93.46 | 79,839 | 7,461,417 | 990,608,847 | Form | |
| 2 | He, Hong | Direct | Sell | 9122025 | 94.00 | 1,500 | 141,000 | 1,762,500 | Form | |
| 3 | He, Hong | Direct | Sell | 9122025 | 95.00 | 1,000 | 95,000 | 1,923,750 | Form | |
| 4 | Weichai, America Corp | See Explanation of Responses | Sell | 9122025 | 92.42 | 36,554 | 3,378,488 | 987,057,393 | Form | |
| 5 | Xykis, Constantine | CEO | Direct | Sell | 9112025 | 91.31 | 7,854 | Form | ||
| 6 | He, Hong | Direct | Sell | 9112025 | 91.44 | 4,000 | 365,775 | 1,943,180 | Form | |
| 7 | He, Hong | Direct | Sell | 9102025 | 89.00 | 1,000 | 89,000 | 2,247,250 | Form | |
| 8 | Weichai, America Corp | See Explanation of Responses | Sell | 8282025 | 83.28 | 94,047 | 7,832,204 | 892,437,680 | Form | |
| 9 | Weichai, America Corp | See Explanation of Responses | Sell | 8272025 | 91.00 | 51,426 | 4,679,927 | 983,761,872 | Form | |
| 10 | Simpkins, Frank P | Direct | Sell | 8272025 | 91.64 | 10,000 | 916,380 | 2,290,950 | Form | |
| 11 | Li, Xun | CFO | Direct | Sell | 8272025 | 92.36 | 8,000 | 738,892 | 20,412 | Form |
| 12 | Li, Xun | CFO | Direct | Buy | 8272025 | 92.82 | 300 | 27,846 | 48,359 | Form |
| 13 | Weichai, America Corp | See Explanation of Responses | Sell | 8262025 | 88.28 | 87,210 | 7,698,957 | 958,871,499 | Form | |
| 14 | Weichai, America Corp | See Explanation of Responses | Sell | 8252025 | 82.27 | 42,314 | 3,481,022 | 900,721,537 | Form | |
| 15 | Weichai, America Corp | See Explanation of Responses | Sell | 8222025 | 80.50 | 15,802 | 1,272,015 | 884,755,172 | Form | |
| 16 | Weichai, America Corp | See Explanation of Responses | Sell | 8212025 | 81.08 | 79,670 | 6,459,804 | 892,465,698 | Form | |
| 17 | Weichai, America Corp | See Explanation of Responses | Sell | 8202025 | 85.01 | 125,220 | 10,645,177 | 942,493,561 | Form | |
| 18 | Weichai, America Corp | See Explanation of Responses | Sell | 8192025 | 83.16 | 116,137 | 9,658,003 | 932,381,505 | Form | |
| 19 | Weichai, America Corp | See Explanation of Responses | Sell | 8182025 | 84.98 | 135,846 | 11,543,627 | 962,604,407 | Form | |
| 20 | Weichai, America Corp | See Explanation of Responses | Sell | 8152025 | 89.83 | 162,113 | 14,562,344 | 1,029,776,431 | Form | |
| 21 | He, Hong | Direct | Sell | 8152025 | 90.03 | 2,500 | 225,065 | 2,363,182 | Form | |
| 22 | Weichai, America Corp | See Explanation of Responses | Sell | 8142025 | 93.81 | 123,822 | 11,615,154 | 1,090,573,987 | Form | |
| 23 | Xykis, Constantine | CEO | Direct | Sell | 8142025 | 95.85 | 26,005 | 2,492,596 | 752,811 | Form |
| 24 | Simpkins, Frank P | Direct | Sell | 8142025 | 94.90 | 5,000 | 474,524 | 3,321,665 | Form | |
| 25 | Winemaster, Gary S | Direct | Sell | 4152025 | 23.27 | 2,000 | 46,548 | 68,524,902 | Form |
Investor Activity (13F)
Updated Sep 19, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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